Here’s a quick look at the stocks that are likely to be in focus in today’s trading session:
ICICI Bank: ICICI Bank has denied claims that it paid salary or granted stock options to SEBI Chairperson Madhabi Puri Buch after her retirement. The bank clarified that neither it nor its group companies have made any payments to Buch, apart from her retirement benefits. This comes after allegations by a political spokesperson that Buch received ₹16.8 crore from the bank group between FY18 and FY24.
Vedanta: Vedanta Ltd’s Board has approved an interim dividend for the third time in FY25. The company announced a dividend of ₹20 per share, amounting to a total payout of ₹7,821 crore.
Yatra Online: Yatra Online Ltd has announced the acquisition of Globe All India Services Ltd (Globe Travels) for ₹128 crore. This move is part of Yatra’s strategy to grow its corporate business. The acquisition, expected to complete this quarter, will boost Yatra’s client base by 40%, adding 360 new companies.
Signature Global: Property developer Signature Global plans to invest ₹1,500 crore this year to acquire land in Gurugram and Noida. The company aims to expand its presence in these areas by purchasing land through direct transactions and auctions.
Adani Power: The Supreme Court has agreed to hear Adani Power Ltd’s plea seeking a ₹280 crore refund from the Himachal Pradesh government related to a hydropower project. However, the court has not stayed a recent High Court ruling that overturned an earlier decision to refund the amount.
TVS Motor Company: TVS Motor reported a 13% increase in total sales for August 2024, with 391,588 units sold compared to 345,848 units in the same month last year. Domestic two-wheeler sales grew by 13%.
Mahindra & Mahindra: Mahindra & Mahindra saw a 9% year-on-year increase in total wholesales for August, with 76,755 units sold. Domestic passenger vehicle sales rose by 16%, and exports increased by 26%.
Adani Green Energy: TotalEnergies plans to invest an additional $444 million in Adani Green Energy to establish a joint venture. The Adani Group’s board has approved agreements to move forward with this investment.
Indian Renewable Energy Development Agency (IREDA): IREDA plans to raise approximately ₹25,000 crore through debt and ₹4,500 crore through equity this fiscal year. The company is also seeking government approval to dilute up to 10% of its stake.
Sterlite Technologies: Sterlite Technologies has reached a $467,400 settlement with the Data Management Centre to resolve a dispute over delays and unmet obligations. This settles claims originally amounting to $2.7 million.
NMDC: NMDC reported a 9.9% drop in iron ore production for August, producing 3.07 million tonnes compared to 3.41 million tonnes last year. Cumulative production from April-August 2024 also fell.
Vodafone Idea: Vodafone Idea has received tax demand orders totaling over ₹73 crore for alleged short payment of taxes and excess input tax credit claims. The largest penalty, ₹33.44 crore, was imposed by the GST office in Kolkata.
Hindustan Aeronautics Limited (HAL): The Cabinet Committee on Security has approved the purchase of 240 AL-31FP aero-engines for the Indian Air Force’s Su-30 MKI aircraft. The contract, worth over ₹26,000 crore, will be executed by HAL.
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